What are the top technologies CIOs should keep a close eye on this year? New research from Frost & Sullivan sheds light on the technologies touted to reshape business and society.
In what is one of Frost & Sullivan’s longest standing research series, the firm’s annual top 50 technologies assessment highlights the technologies with the largest near-term commercial potential, with the analysis spanning across nine different technology clusters.
“With near term, we mean technologies for which their potential will materialize in the next 2 to 3 years,” said Ankit Shukla, Vice President at Frost & Sullivan.
Abdulaziz Jalab, Vice President and KSA Country Leader at Frost & Sullivan, said that the majority of technologies identified are familiar concepts for organizations and governments in Saudi Arabia.
“The Kingdom’s vision is focusing on advancing the application of technologies such as artificial intelligence, cybersecurity, cloud computing, internet of things, quantum, 5G technology, big data analytics, and blockchain across various sectors. Such technologies enhance efficiency, connectivity, and innovation, and ultimately aim to strengthen the Kingdom’s global technological standing and drive economic diversification.”
AI is not surprisingly high on the list of Frost & Sullivan’s global technology review. Research shows that AI and its offspring Generative AI can add trillions in added value to economies worldwide in the coming decades.
“With the establishment of the Saudi Company for Artificial Intelligence (SCAI), Saudi Arabia is positioning itself as a global leader in AI by offering innovative solutions through strategic partnerships and targeted investments,” said Jalab. “The Kingdom’s commitment is further evidenced by the recent plan to establish a $40 billion fund dedicated to AI investments, reflecting KSA’s ambition to diversify its economy and assert global business influence.”